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Nov 26, 2012
11/12
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we should have a cap of $25,000 cap on abductions and marginal tax rate go up. do you think the president will hold out for that? >> harry reid this afternoon was adamant, hope the house republicans are listening. the president has spoken. mitch mcconnell said we needed to tone down the reckless voices of the left. that will be the problem. these sites are no further along than they were in march when ben bernanke declare the term fiscal cliff on capitol hill. as to the specifics nobody really knows. there was a proposal about the estate tax for the chairman of the finance committee in the senate, nobody really knows. we will have a million of these ideas between now and the christmas eve or new year's eve. david: will tim geithner lead the negotiations? >> tim geithner is in charge, but at the very top level. david: thank you very much. good to see you. back to you. liz: next we take you into the future find out the news moving the market tomorrow. plus, 12 drummers drumming, what will that run you? you don't want to know. wait until you hear how much all 12 da
we should have a cap of $25,000 cap on abductions and marginal tax rate go up. do you think the president will hold out for that? >> harry reid this afternoon was adamant, hope the house republicans are listening. the president has spoken. mitch mcconnell said we needed to tone down the reckless voices of the left. that will be the problem. these sites are no further along than they were in march when ben bernanke declare the term fiscal cliff on capitol hill. as to the specifics nobody...
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Nov 21, 2012
11/12
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and a tax on dividend income. gerri: that will have a big impact. >> that is why the stock market has reacted. the cost of capital will be significantly higher, but in 2014 you will start to see their real bulk, the 1 tillion in taxes, the bulk of that will be in 2014, the spending will start to kick in as well. 2014 is the big year. gerri: we start to seeit. we have seen a little it all along. we saw keeping your kids and your insurance polcy for longer, all that kind of stuff that people really like it happened earlier, but now we're getting to the nitty gritty. now it's the taxes. even now, people don't like the law. if you look at exit polling on obamacare from the election just last week, the majority of people want obamacare either repeal or rollback. the question is, of course, the president won the election. had you do that? >> there is not a way to repeal a law, even if romney hadone, republicans lost two seats in the senate. there's only so much you can do if you have control of congress. you can do some
and a tax on dividend income. gerri: that will have a big impact. >> that is why the stock market has reacted. the cost of capital will be significantly higher, but in 2014 you will start to see their real bulk, the 1 tillion in taxes, the bulk of that will be in 2014, the spending will start to kick in as well. 2014 is the big year. gerri: we start to seeit. we have seen a little it all along. we saw keeping your kids and your insurance polcy for longer, all that kind of stuff that...
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127
Nov 24, 2012
11/12
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we will not see it unless we raise taxes. >> of course, you don't get growth if you raise tax rates. california and other states the top rate is approaching 50% of business has as much incentive to fire somebody to get a lower cost than to hire somebody to create revenue. hik experi extemporaneous experimentment, california bringing tax levels will we see california aztek merionthe a the coal mine when it comes3 to economic growth in the an ability to support thefleein ever-growing government? >> it is a microcosm what happens to countries that raise their tax rates and entrepreneurs we and welfared recipients come in and there is the unsustainable state of affairs. need while they destroy silicon valley with ultimately our potential. angling foer that everybody is singling for green subsidies and it is a tragedy. >> and the money that hasby this been spent as venture money like solyndra has beendisastrou. disastrous. >> they are a stultifying to dea turn people into a than him uppt blubbering idiot t. >> he now wants us to support him rather than support the country. lou: he is bein
we will not see it unless we raise taxes. >> of course, you don't get growth if you raise tax rates. california and other states the top rate is approaching 50% of business has as much incentive to fire somebody to get a lower cost than to hire somebody to create revenue. hik experi extemporaneous experimentment, california bringing tax levels will we see california aztek merionthe a the coal mine when it comes3 to economic growth in the an ability to support thefleein ever-growing...
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Nov 23, 2012
11/12
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tax. why? because hispanics remain at the lower level of the economic planner, and they use government welfare programs at a very high rate. lou: i welcome this discussion, now being started by the republicans on reforming our immigration laws someone. but i hope that there is not a rush to judgment that somehow moves across this vast sea of facts and realities that have been avoided by both political parties. the american people really need to understand what is happening. the hispanic community needs and understand what is happening. the idea that you are broaching here that this country should be selecting those it brings into the united states based on their skills, talents, that is going to be a tough sell minette land bridges there down south. >> absolutely, and that is why amnesty is very risky because it means that stopping the flow of illegal aliens from that land bridge is going to be even more difficult. lou:f there is to be an amnesty, it will be the third in the last 26 years.
tax. why? because hispanics remain at the lower level of the economic planner, and they use government welfare programs at a very high rate. lou: i welcome this discussion, now being started by the republicans on reforming our immigration laws someone. but i hope that there is not a rush to judgment that somehow moves across this vast sea of facts and realities that have been avoided by both political parties. the american people really need to understand what is happening. the hispanic...
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Nov 27, 2012
11/12
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neil: it would be a tax, a climate tax, really? >> no,. neilwhat do you doll th call mog crazed. >> we have promised to give to global climate fund. neil: if you are paying that money, that is more money than you pay now, so, -- -- what it is a dessert. >> part of our shared responsibility? we have a responsibility. neil: you dot call that a tax? >> it's not a tax. >> what it is. >> a shared responsibility. neil: if you force me to giv you money, i don't have to call it a tax, but it sure as hell will feel like a tax. >> you are giving me the money, i'm not forcing you to give me the money, it is in our shared interest to give me that. neil: you tell that to the wealthy countries, you think they will go along, and say she is absolutely right. >> if they were smart, they would. >> what do you say 10 years from now, are still a young woman i will belong retired, but, 10 years, and it has not done squat. you say oh, my god, it is all wrong. >> it won't, because investment will be worth a -- it will payoff. without these countries, adapting it
neil: it would be a tax, a climate tax, really? >> no,. neilwhat do you doll th call mog crazed. >> we have promised to give to global climate fund. neil: if you are paying that money, that is more money than you pay now, so, -- -- what it is a dessert. >> part of our shared responsibility? we have a responsibility. neil: you dot call that a tax? >> it's not a tax. >> what it is. >> a shared responsibility. neil: if you force me to giv you money, i don't have...
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Nov 28, 2012
11/12
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FOXNEWSW
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just tax the rich more. three big unions have taken out big ad campaign saying no cuts to entitlements, don't reform them. just tax the rich more. it's a campaign all over again. and at this moment, the democrats and the president have not given one inch, to my knowledge, on any entitlement reform or entitlement cuts. >> brian: he's going to go to tinker toys, to some odd manufacturing plants. the only thing i could picture him saying is it's time to lift the bush tax rates from the rich and make them pay more. what else could he possibly be talking about? >> he's sticking it to house republicans. i won the election. i campaigned on higher tax rates for the rich. that's what we're going to do. whether he mentions entitlement reform or not, i don't know. but there is no plan on the table at the the moment for the other side of the debate, which is how it affects the spending problem. >> brian: he's also going to talk about how the going over the cliff will affect middle class families and how he's trying to a
just tax the rich more. three big unions have taken out big ad campaign saying no cuts to entitlements, don't reform them. just tax the rich more. it's a campaign all over again. and at this moment, the democrats and the president have not given one inch, to my knowledge, on any entitlement reform or entitlement cuts. >> brian: he's going to go to tinker toys, to some odd manufacturing plants. the only thing i could picture him saying is it's time to lift the bush tax rates from the rich...
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Nov 25, 2012
11/12
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people running aught of france because of the tax policies that are -- buying real estate in england excuse, i thought i was talking, i am sorry. and i think, i think that you can't confuse the twompt john is right. put housing policy in one thing and there is it a difference between residency and citizenship. and to buy a house and be a resident is a different thing than citizenship those rules are different in every nation. >> we'll take a break. we want to thank imogen. >> thank you for having me. >> one stock that keeps on climbing even if we fall off the fiscal cliff >> it is it time for what i need tonow for next week. . >> we talk about al gore and the carbon tax no one is buying into it not evenlet cia. we'll see if it is taxpayer money . >> they have other issues on their books wayne rockerings. >> you are looking for a steady stock. check out protective lights. i own it. >> like it and john what you got. >> grouchy marx. the death of apple is overexagerated. they have a great holiday season. >> they have sold a lot of stuff. >> john than what do you have this week. >> the u
people running aught of france because of the tax policies that are -- buying real estate in england excuse, i thought i was talking, i am sorry. and i think, i think that you can't confuse the twompt john is right. put housing policy in one thing and there is it a difference between residency and citizenship. and to buy a house and be a resident is a different thing than citizenship those rules are different in every nation. >> we'll take a break. we want to thank imogen. >> thank...
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Nov 28, 2012
11/12
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CNNW
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i mean you're probably sick of hearing that term fiscal cliff, debt ceiling, tax increases. got a lot of us worried that we're at the mercy of a feckless congress behaving more like stubborn kids than responsible lawmakers. wait. we did promise you a dream off the top of the show. imagine for a moment what it would be like if none of this fiscal cliff nonsense mattered the least bit to you. no debts. no family budgets. and a half billion dollars worth of powerball dreams. that is the jackpot, folks. the powerball jackpot. it just so happens to take millions of us buying up tickets to fatten up that jackpot to that big old size. alison kosic is at a 7-eleven in new york basically meeting a few of the wanna-be one percenters. the truth of the matter, what are the odds? >> reporter: i know. i hate to throw cold water on your whole dream statement that you gave. yes this is all about dreams but you know the odds of winning are really low. 175 million to 1. those are your odds. you know what? i can't help but dream, too. i got a ticket here. one ticket, it could be the winning on
i mean you're probably sick of hearing that term fiscal cliff, debt ceiling, tax increases. got a lot of us worried that we're at the mercy of a feckless congress behaving more like stubborn kids than responsible lawmakers. wait. we did promise you a dream off the top of the show. imagine for a moment what it would be like if none of this fiscal cliff nonsense mattered the least bit to you. no debts. no family budgets. and a half billion dollars worth of powerball dreams. that is the jackpot,...
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Nov 21, 2012
11/12
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very little movement on tax rates next year. very little movement on spending generally a slight decrease. lou: no movement, are using the bush tax cuts will be allowed to expire? >>o. what i'm saying is that the bush tax cuts, but for a slight modification will persist in 2013. spending reductions, which were made by the forced sequester will not be made in the amount suggested and will be only modest, and it will be a reductn in spending it will be a modest reduction in the rate of increase in spending such the we will have a $1 trillion plu deficit next year. more of the same. lou: as always. >> thank you. lou: up next to illegal immigrants wants new privileges because, i hate to tell you, it looks like pandering contagious. imagine that. and forget susan rice. not the plot -- the biggest problem with this administration we will demonstrate to you the gaping holes in the benghazi time line and some xtraordinary coincidencesn the patraeus ♪ lou: benghazi, a lot of people are forgetting, pushing in out out of their mind or so
very little movement on tax rates next year. very little movement on spending generally a slight decrease. lou: no movement, are using the bush tax cuts will be allowed to expire? >>o. what i'm saying is that the bush tax cuts, but for a slight modification will persist in 2013. spending reductions, which were made by the forced sequester will not be made in the amount suggested and will be only modest, and it will be a reductn in spending it will be a modest reduction in the rate of...
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Nov 21, 2012
11/12
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if you tax everybody that obama is talking about taxing, the most you could cut off the deficit is 5%, something insanely small. that will not do anything. the message has to be to cut spending and until that resonates with americans, have to realize the economy will keep declining. melissa: ho huggies is a spendig problem, not a revenue problem? >> the left is always going to try to appeal to the low information voter. so we have to take information, make it really simple, on complicated and communicated in a narrative that can be marketed to the masses of people. if you take the tax increases of those making over $250,000 per year, it is a drop in the bucket. 56 b of money we're talking about reducing the deficit to something like 1.15 trillion bit of 1.2 trillion. we have to communicate that we have to keep sticking it to them to say that debt is on our children and future and some point the grim reaper will take it back so we have some point when people are hurting bad enough realizing obama has not come in and saved us yet, maybe then they will start listening. >> thank you. meli
if you tax everybody that obama is talking about taxing, the most you could cut off the deficit is 5%, something insanely small. that will not do anything. the message has to be to cut spending and until that resonates with americans, have to realize the economy will keep declining. melissa: ho huggies is a spendig problem, not a revenue problem? >> the left is always going to try to appeal to the low information voter. so we have to take information, make it really simple, on complicated...
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Nov 24, 2012
11/12
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some say i want to make more taxes and do not raise taxes. [talking over each other] >> walgreen's is saying we want to make investments to create jobs. what you guys in washington d.c. are going to do, what is coming down the road from you and we had this debate about john boehner basically saying we got to put obamacare -- [talking over each other] liz: putting obamacare into the fiscal cliff negotiations so for two large drugstore chains to say you got to get going. gerri: interesting to see if he derail everything. liz: they have a seat at the table. is not political. it seems to me when you read what they say it is not like they are saying we want a voice in what is going on. there saying our customers are concerned. of course it is a revenue problem. shoppers and consumers are not coming in because they're worried about the fiscal cliff. gerri: all singing the with one voice. interesting to see if anybody hears that. thanks for coming on. appreciate it. guess what else has joined the fiscal ltoff? the federal gas tax, special inrests in
some say i want to make more taxes and do not raise taxes. [talking over each other] >> walgreen's is saying we want to make investments to create jobs. what you guys in washington d.c. are going to do, what is coming down the road from you and we had this debate about john boehner basically saying we got to put obamacare -- [talking over each other] liz: putting obamacare into the fiscal cliff negotiations so for two large drugstore chains to say you got to get going. gerri: interesting...
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Nov 24, 2012
11/12
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there's other tax in the fiscal cliff and possible gas tax is not the only tax to hit the bottom line. deal or no deal, hold on to yo wallet. here with more, the senior tax policy analyst for the heritage foundation. always nice to have you on the show. let's talk about the bottom line for so many people out there, willit so many folks, % of households, almost impossible to escape and create that. >> everyone's taxes will go up on january 1st. important to point out we're talking about today which is raising taxes. that is off point. the fiscal cliff is here because we're spending tooomuch. we are the precedents of the debt crisis because we're spending too much. how we can raise tes and talk about raising the gas tax, nothing to do with cutting spending which is where we should be directing our attention. gerri: it is interesting because if you look at the reven raised by taxes and money into the federal government front door over the last few years it is returning to levels that are pre recession so we're back on track for what should be ample revenues. >> if you go back to 2007 bef
there's other tax in the fiscal cliff and possible gas tax is not the only tax to hit the bottom line. deal or no deal, hold on to yo wallet. here with more, the senior tax policy analyst for the heritage foundation. always nice to have you on the show. let's talk about the bottom line for so many people out there, willit so many folks, % of households, almost impossible to escape and create that. >> everyone's taxes will go up on january 1st. important to point out we're talking about...
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102
Nov 22, 2012
11/12
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doesn't it suggest tax fraud. thousands of companies are registered here. >> it has nothing to do with taxes. in delaware there are buildings that have hundreds times a my registered companies. >> it's true. companies register themselves in delaware because delaware has simpler rules i once started a business there in one wk. >> fox t-shirt and fox hat. great stuff there. >> john: i could have registered faster in the caymans. >> what i set out to do was design a system that was market responsive and fast. >> he helped create the rules. it takes ten pages to register a hedge fund. the simple rules work. >> look at our track record. just in the past decade we've been through the crisis of 2000, 2004 and the more severe crisis be in 2008. no cayman financial institution needed any kind of government intervention or any type of bailout. >> john: they also created prosperity. >> today we have the highest standard of living in the world. >> jobs are always opening up and businesses are booming and hotels are being buil
doesn't it suggest tax fraud. thousands of companies are registered here. >> it has nothing to do with taxes. in delaware there are buildings that have hundreds times a my registered companies. >> it's true. companies register themselves in delaware because delaware has simpler rules i once started a business there in one wk. >> fox t-shirt and fox hat. great stuff there. >> john: i could have registered faster in the caymans. >> what i set out to do was design a...
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139
Nov 23, 2012
11/12
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tax giving tax cuts to people --out melissa: talking about raising a taxes, i agreegr with you. we have to have people investing, buying, so raising taxes on anyone is then super i crazy. >> yeah, buts if you take tax increases on people spendingss less because th already got aof whole bunch of money and investing in ways to get people who do not have as much to spend more, that's efficient. that makes sense. go ahead.ney. melissa: rich people spend a lot of money. >> thehave the money, they are spending it.they they will not spend less because they have a marginal tax rate increase. it's not like all the sudden, you know, bloomberg or romney says we can't go to dinner next week. they will still spend money. it's a matter of saying how doho we get people who are not at that level to have conditions where they can spend. melissa: in the 80s, they lower tax rates issuend revenues go up, and revenues, 1981 to 1988, from $599 billion to $909 # billion. i'm just saying if the problem's revenue and you want more money in treasury, there seems that's a period of time we did it ti defen
tax giving tax cuts to people --out melissa: talking about raising a taxes, i agreegr with you. we have to have people investing, buying, so raising taxes on anyone is then super i crazy. >> yeah, buts if you take tax increases on people spendingss less because th already got aof whole bunch of money and investing in ways to get people who do not have as much to spend more, that's efficient. that makes sense. go ahead.ney. melissa: rich people spend a lot of money. >> thehave the...
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Nov 28, 2012
11/12
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eye 45
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man are they very create on the tax front. now tax of a higr gas tax to fund construction projects. to slash all deducts and exemptions not just for the rich even adjust mortgage formula for example, likely veros in those taxpayers below $250,00 $250,000 threshold, more like a hundred grand crowd now. a health care surtax on the rich to cover a program whose costs are already spiralling. but not much cost on underlying abuses, you see a pattern here. i do not care whether you are on the left or right, the way we're going about this is not fair. no creative solutions to cut spending, a lot of ideas to raise revenues. taking a shine to spending our money, but never saving us money. we'll debate this. with wealth manager. if you want to look serious you need to put big spending cuts on the table. and we have, i just call him my toke an liberal friend. rick yo unger. you are not buying this. >> i see some, but the problem, you have to be careful not to create a new disaster by trying to solve another one, in 1980, 83% of americans had a defined pension benefit plan at work today that is
man are they very create on the tax front. now tax of a higr gas tax to fund construction projects. to slash all deducts and exemptions not just for the rich even adjust mortgage formula for example, likely veros in those taxpayers below $250,00 $250,000 threshold, more like a hundred grand crowd now. a health care surtax on the rich to cover a program whose costs are already spiralling. but not much cost on underlying abuses, you see a pattern here. i do not care whether you are on the left or...
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Nov 21, 2012
11/12
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tax hikes are not income tax hikes, they are taxes on investment. the taxes are dramatic and will dramatically change how people think about investing but it does not seem to me like anybody is really thinking about it yet. >> i have been surprised at ho slow this has dawned on the market. now they seem more focused, but i think missing the fact is they have targeted vestment, 3.8% investnt inco, there are potential for higher income taxes anthose tax hikes are layered on top of the peer financial market effects. we did not have the 2008, this is a very dangerous combination. they'r really out of luck. gerri: talk about recession. you also have to talk about what ppens to the average american psyche if the they're faced with increasing income taxes dramatically so. these are taxes across the board, and investing in texas, where is incentive to work, where is the incentive to invest, get up off the couch? speak of these are dramatically antigrowth policies at a ti when growth has to be at a premium,e are going exactly wrong direction. the really frig
tax hikes are not income tax hikes, they are taxes on investment. the taxes are dramatic and will dramatically change how people think about investing but it does not seem to me like anybody is really thinking about it yet. >> i have been surprised at ho slow this has dawned on the market. now they seem more focused, but i think missing the fact is they have targeted vestment, 3.8% investnt inco, there are potential for higher income taxes anthose tax hikes are layered on top of the peer...
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120
Nov 22, 2012
11/12
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eye 120
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. $8 per hour after taxes you have to pay $14. you push inflation. john: and yourself negative. [laughter] you should share. >> i keep my business running and make sure i can pay people. show up on time. if your shoes are not tied. i do not want to talk to you john: other stories coming up next about first jobs. [applause] >> short order cook. >> i became an aerobics instructor. >> copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficult
. $8 per hour after taxes you have to pay $14. you push inflation. john: and yourself negative. [laughter] you should share. >> i keep my business running and make sure i can pay people. show up on time. if your shoes are not tied. i do not want to talk to you john: other stories coming up next about first jobs. [applause] >> short order cook. >> i became an aerobics instructor. >> copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in...
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283
Nov 23, 2012
11/12
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FOXNEWSW
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raising tax rates. i think raising tax rates a bit will be okay for the overall marketplace and stock marketplace. but if you raise tax rates too much, i think we can have severe problems with the private sector not want to go hire because they are insure about what their tax bill is going to be at the end of 2013. without any clarity they will back off hiring. rick: the fed chair says make a deal here and the economy looks to be in good shape. so this is the concerns. if no deal is struck we know what happens. we jump off the cliff. if a deal is struck, something everybody can feel relatively good about even though everybody will feel pain, what could that mean for the overall economy? >> i think if there is a reasonable deal struck for the overall economy. then we also -- you have got to keep in mind we have a credit rating in this country that has been hurt and if a deal is not met, then our credit rating could be hurt as well. so i think if a deal is met we have -- i think it will be temporary in na
raising tax rates. i think raising tax rates a bit will be okay for the overall marketplace and stock marketplace. but if you raise tax rates too much, i think we can have severe problems with the private sector not want to go hire because they are insure about what their tax bill is going to be at the end of 2013. without any clarity they will back off hiring. rick: the fed chair says make a deal here and the economy looks to be in good shape. so this is the concerns. if no deal is struck we...
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129
Nov 22, 2012
11/12
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why do you want to pay more taxes? >> well, i don't want to pay more taxes. i don't think anybody wants here. i'm part of a group called the patriotic millionaires and we are all willing to pay more taxes. so it's clear that all of us, the whole country is in a position where all of us individuals, the working people, the wealthy people, corporations, all of us together have to pay for all of the spending that we have done over the last 12 years. >> why don't we cut spending? why don't we start with something that senator coburn announced today. there is so much that can be saved by cutting nondefense spending, things like a smartphone application. it these are the things we are spending money on. they cut that we can make. >> so we have to do new cuts and paperwork. we have to pay for all of the spending we have done for the last 12 years. and we are kind of all in this together. so i don't think that, you know, i have spent the last two days talking to both sides of the senate. i have spent time talking to representatives in the house and white house. the m
why do you want to pay more taxes? >> well, i don't want to pay more taxes. i don't think anybody wants here. i'm part of a group called the patriotic millionaires and we are all willing to pay more taxes. so it's clear that all of us, the whole country is in a position where all of us individuals, the working people, the wealthy people, corporations, all of us together have to pay for all of the spending that we have done over the last 12 years. >> why don't we cut spending? why...
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Nov 24, 2012
11/12
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they don't like the tax penalty for it. would you givethem a tax holiday? you have to put it to use and do something? >> they tried that in 2004 and they brought back hundreds of villains. they put the murders and bonuses and what we have to do is recognize the president obama is not an economic dictator. the federal reserve can bring interest industry rates much lower. so we have to go to these two other areas are overwhelming support of inflation adjusted minimum wage. >> i'm not alone in an environment like this, how are you going to compel businesses, fast food joints and the rest, but it's in there interest to raise the rates when they are barely getting by as it is just as henry ford did back before world war i to $5. he said he wanted people to buy the cards. that's what you got to do. neil: so what about substance of the country where they have jobs with $10 an hour. were people really aren't jumping on these jobs. where we have a country where help wanted advertising is at an all-time high. a lot of people, for whatever reason, it are having troubl
they don't like the tax penalty for it. would you givethem a tax holiday? you have to put it to use and do something? >> they tried that in 2004 and they brought back hundreds of villains. they put the murders and bonuses and what we have to do is recognize the president obama is not an economic dictator. the federal reserve can bring interest industry rates much lower. so we have to go to these two other areas are overwhelming support of inflation adjusted minimum wage. >> i'm not...
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81
Nov 22, 2012
11/12
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toys "r" us.com, we collect sales tax. so do all of them at this company. what the loophole has been is the only companies that have not been collecting sales tax, it looks like it's imminent. >> will that be good, that level of the playing field? >> everyone admits, includi companies that there should be a level playing field. it's so interesting because i did talk about the good old days. i don't know that the internet has lived up to the hype, but only now when i look at these earnings reports that the traction that we see, certainly i don't know that it will put brick-and-mortar businesses out. you think that will happen now? is that the inevitable part of retailing? >> i don't view it as one or the other. the model of the future for retail is the only channel model. the superior channel is where you have internet as well. customers want to relate to the brand. at toys "r" us, there are 81 different ways you can do business with us. you can wear on your cell phone. you can go pick it up in the store. you can fight your home. you can go in the store and
toys "r" us.com, we collect sales tax. so do all of them at this company. what the loophole has been is the only companies that have not been collecting sales tax, it looks like it's imminent. >> will that be good, that level of the playing field? >> everyone admits, includi companies that there should be a level playing field. it's so interesting because i did talk about the good old days. i don't know that the internet has lived up to the hype, but only now when i look...
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Nov 25, 2012
11/12
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. >> it would ot have the taxes. we have the money left over. the park could be just as good. john: well, it certainly is true that the park is very commercial these days. but buying and selling going on. holiday gifts. very commercial. on the other hand, the public seems fine with that. >> its and look very nice. a different story. >> a lot of the things that they should be doing. you should -- john: some money. >> that's right. you will study. if everyone would feel just as good. >> is a very public. nobody has viewed it as privatized, and the final answer to these arguments, every dollar that is earned by concessions and sonsorships and events goes right back into the park. all that money is earned in these ways. the way we provide private skating complex skating for free which we do is from those booz and a sponsorship from city which has been very generous. john: less talk about your next one combustion. boston, and was once a common breezy feel. so for the tragedy. it was overgrazed. now it's a part. managed by government fo about four and years. badly managed, and this
. >> it would ot have the taxes. we have the money left over. the park could be just as good. john: well, it certainly is true that the park is very commercial these days. but buying and selling going on. holiday gifts. very commercial. on the other hand, the public seems fine with that. >> its and look very nice. a different story. >> a lot of the things that they should be doing. you should -- john: some money. >> that's right. you will study. if everyone would feel...
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Nov 29, 2012
11/12
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bad to raise taxed on everyone, bad to raise taxes on 40% of the nation's income. better to leave that money in the hands of those who earned it. leave it in kentucky. leave it in the private sector. >> i understand you don't want to raise the tax rates on anyone, rich or middle class or anyone, but what about capping deductions, eliminating loopholes, stuff like that? are you open to that? >> yes, if it's for tax reform. it's not going to happen in this. if we were to lower rates, for example, you could lower the top rate from 35% to 33%, and actually get more revenue and get rid of some of the deductions at the same time. but i'm not going to vet to bring more revenue to washington. i want less money coming to washington, less money spent up here and that's how you get the economy to grow. we won't have more economic growth if we send more money to washington. we'll have less economic growth. >> if the republicans hold firm to that position just spelled out in significant detail, there is not going to be a deal between now and december 31st and all americans, for
bad to raise taxed on everyone, bad to raise taxes on 40% of the nation's income. better to leave that money in the hands of those who earned it. leave it in kentucky. leave it in the private sector. >> i understand you don't want to raise the tax rates on anyone, rich or middle class or anyone, but what about capping deductions, eliminating loopholes, stuff like that? are you open to that? >> yes, if it's for tax reform. it's not going to happen in this. if we were to lower rates,...
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Nov 28, 2012
11/12
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raising more taxes? people are fleeing this city as it is. >> what happened to vallejo, the first california city to go bankrupt in 2008. they actually did raise taxes. along with that, they told citizens they could decide where the taxes went. so you may see a similar situation in places like san bernardino. tell you, melissa. it will not be the last one. pensions for local government are only 50% funded at this point. you have the situation going on across the state. melissa: you have the situation going on where there are just these liabilities there is no way to pay down the line, right, aaron? isn't that the real problem? >> well the problem is, the local governments, state government has been making promises they can't keep. really not fault of employees or frankly labor unions who will ask all they can get. it is fault of politicians who make the promises without setting aside money to pay for them. state level and municipalities we're paying more and more money to pensions and retiree health care
raising more taxes? people are fleeing this city as it is. >> what happened to vallejo, the first california city to go bankrupt in 2008. they actually did raise taxes. along with that, they told citizens they could decide where the taxes went. so you may see a similar situation in places like san bernardino. tell you, melissa. it will not be the last one. pensions for local government are only 50% funded at this point. you have the situation going on across the state. melissa: you have...
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Nov 29, 2012
11/12
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tax everybody at same rate and tax at lower rate. liz: sheila, the thesis of your idea, why you're on today, talk about forget congress and the president for a moment, congress wall street has to step up. special treatment they get has to stop. what is your idea of wall street and how it should get involved? >> that would be one big one. that is 90 billion a year i believe. there is another question whether we should subsidized excessive leverage at some of these financial institutions. right now the tax code actually gives financial institutions a financial incentive to fund themselves by borrowing a lot of money as opposed to funding themselves with shareholder equity. so some have suggested capping that. if you're levered over certain percentage or number of ratio, 12 to one i suggest, you don't get interest deduction. another way to do it which would be more expensive, equalize treatment of interest and dividends to deduct dividends. that might mate i can more palatable for some to stop treatment for income. but, i think those, t
tax everybody at same rate and tax at lower rate. liz: sheila, the thesis of your idea, why you're on today, talk about forget congress and the president for a moment, congress wall street has to step up. special treatment they get has to stop. what is your idea of wall street and how it should get involved? >> that would be one big one. that is 90 billion a year i believe. there is another question whether we should subsidized excessive leverage at some of these financial institutions....
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Nov 25, 2012
11/12
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in determines of higher dividend taxes and higher taxes on just about every piece of the economy and i tell you, don't believe me, go out there and talk to them. they started cutting back way before this last week. >> i want to take this point. >> a this is the problem, the fiscal cliff is really bad, but the solution offered by president obama of massive taxes is not that good. >> julian, what do you make of that this this is just a pandora's box, and the beginning. the fiscal cliff, cou have a short-term impact, but timately the trend of higr taxes that charlie's point, is what businesses are really afraid of? >> i totally disagree with that and i think the surveys of businesses have shown that to be wrong and i talked to-- >> whoa, whoa, what survey. >> can i finish the point, charlie. >> you just said survey. >> we'll come back. >> i think that businesses are concerned mostly about whether consumers are going to spend or the not. that's the concern and i think as for the fiscal cliff, no, i don't think that's what it is and as for the fiscal cliff, anybody paying close attention,
in determines of higher dividend taxes and higher taxes on just about every piece of the economy and i tell you, don't believe me, go out there and talk to them. they started cutting back way before this last week. >> i want to take this point. >> a this is the problem, the fiscal cliff is really bad, but the solution offered by president obama of massive taxes is not that good. >> julian, what do you make of that this this is just a pandora's box, and the beginning. the...
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Nov 25, 2012
11/12
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why pete carol arrived and donations to the school soaredlet >> but they are soaring because they are tax exempt. to bill's point. the colleges and universities are out of control because they are nonprofit. they have 40 administrators for every one student. and i don't know why stunes are giting squeezed when football is so profitable. nand they stand up for the university of the sphoil would children, go ahead, rich. >> and pete carol was running out and scandal trailing him the whole way. sc is a great schooll and more frominent over time and i don't know how you correlate it to pete carol. >> so far, no one is going for bill baldwin's solution. nand my reform plan would eliminate the ncaa. enthe football. thanks to the web education is upend football will be like the minor leagues for like baseball training and university, you are going to do it on computer and so enjoy it while you can. >> with that thought. we'll look on that for a while. unions strike a busy shopping center of the year and are they going to be scrooge that wreaks holiday sales. u.s. businesses are coughing up thiev
why pete carol arrived and donations to the school soaredlet >> but they are soaring because they are tax exempt. to bill's point. the colleges and universities are out of control because they are nonprofit. they have 40 administrators for every one student. and i don't know why stunes are giting squeezed when football is so profitable. nand they stand up for the university of the sphoil would children, go ahead, rich. >> and pete carol was running out and scandal trailing him the...
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Nov 22, 2012
11/12
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he is entertaining revenue increases as he puts i tax hikes. and we still don't know what the president is bringing to the table do we? >> no, i must tell you, lizzy, i hear you and we think about it, we may think that kicking the can down the road, as a political solution, as a economic solution that could be an armageddon. i don't want to be an alarmist. lou: well armageddon would not alarm any of us. >> looking at congress it scares me. lou: congress is a scary proposition. jerry? any indication of president's bargaining position? >> well, here congress is doing, and they are looking at, it might note a bad idea dependingn what you think your party is doing by kicking can down the road you get into a midterm election yearr so these issues will be front and center, and midterm republicans will do well. we're a right of center country. lou: did i hear you forecast how republicans are doing in midterms? >> by kicking the can down the road, i hate that term. lou: i am taking it up with hizy mcdonald tonight right now for kicking that can. >> i a
he is entertaining revenue increases as he puts i tax hikes. and we still don't know what the president is bringing to the table do we? >> no, i must tell you, lizzy, i hear you and we think about it, we may think that kicking the can down the road, as a political solution, as a economic solution that could be an armageddon. i don't want to be an alarmist. lou: well armageddon would not alarm any of us. >> looking at congress it scares me. lou: congress is a scary proposition....
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Nov 27, 2012
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fdr raised taxings. president obama is going to raise taxes. many of the big themed policies of the first term of fdr were implemented in the second term. same with president obama and think obama care and financial reform . attacking wall street as the villian. president roosevelt did that . wall street was the villians and shades of that exactly. 2013 president obama wall street is the villiage and then the rearrangement of society. fdr tried to do it. and president obama is doing it and run away government spending. parallels are there and hope it doesn't work out like it did then. >> we want all americans back to work. and back in the 30s industrial plummeted 34 percent in the first year of the second term. >> that is a depression in and of itself . set in the overall depression of the 1930s. 1937 was a catastrophic year. >> steve: how did thereat look some >> not much better. what bailed america and the world out of the depression was the second world war. >> gretchen: exactly. how did you get out of the mess in the 30s. we don't want to p
fdr raised taxings. president obama is going to raise taxes. many of the big themed policies of the first term of fdr were implemented in the second term. same with president obama and think obama care and financial reform . attacking wall street as the villian. president roosevelt did that . wall street was the villians and shades of that exactly. 2013 president obama wall street is the villiage and then the rearrangement of society. fdr tried to do it. and president obama is doing it and run...
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Nov 24, 2012
11/12
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let's have income taxes at 15%, gift taxes at 15%. let's make sure that warren buffett probably starts paying not just like a secretary, a proper percentage. what has been proposed will not have warren buffett paying this percentage. let's have a flat tax. take him at his word and if you make more common you will pay more, not the only way it will happen. lou: the president himself may have been talking to you or steve forbes. >> this is a great time. not only that, let's not forget that the last time that the senate had a budget is when harry reid worked with his friend, and nobody in the 2008 budget complained that they weren't spending enough money. that cuts out a trillion in spending right there. are you concerned about the time that they had taken have taken on this first day of the discussion? >> i was not hopeful that the president's tone. [talking over each other] [talking over each other] lou: are you being partisan here? >> i am not being partisan. i am being objective when i say that the president pays 1.6 trillion in new
let's have income taxes at 15%, gift taxes at 15%. let's make sure that warren buffett probably starts paying not just like a secretary, a proper percentage. what has been proposed will not have warren buffett paying this percentage. let's have a flat tax. take him at his word and if you make more common you will pay more, not the only way it will happen. lou: the president himself may have been talking to you or steve forbes. >> this is a great time. not only that, let's not forget that...
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Nov 21, 2012
11/12
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tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. [ male announcer ] every time you say no to a cigarette you celebrate a little win. nicorette gum helps calm your cravings and makes you less irritable. quit one cigarette at a time. and makes you less irritable. sometimes life can be well, a little uncomfortable. but when it's hard or hurts to go to the bathroom, there's dulcolax stool softener. dulcolax stool softener doesn't make you go, it just makes it easier to go. dulcolax stool softener. make yourself comfortable. >> announcer: "nightline" continues from new york city, with terry moran. >>> it's a story beloved the world over. "the lion king." it's grossed over $5 billion now across the globe. and now, the broadway adaptation that some critics and insiders thought wouldn't last 15 minutes is cel
tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. [ male announcer ] every time you say no to a cigarette you celebrate a little win. nicorette gum helps calm your cravings and makes you less irritable. quit one cigarette at a...
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Nov 29, 2012
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, $15 million in state tax, using missouri state tax rate. guess what? governments take nearly a billion dollars, took in nearly a billion dollars last night and the winner split 232 million. so 116 million. >> gretchen: here is the question that nobody can answer for me today. that is the whole purpose of the lottery, the intention of the lottery originally was for states to raise money to help education. >> sure. >> they do. >> gretchen: excuse me. we are terrible at school right now. our students are on a downgrade. we're talking constantly about having no budgets for our schools and we're talking right now on capitol hill about raising taxes because we have no money. >> and by the way, guys, there is a huge, huge controversy brewing over this literally trillion dollar bomb that could explode in student loans defaulting and maybe there is going to be some sort of push to bail that sector out. maybe that's the next obama bailout. >> steve: thank you very much. we'll be watching you and brian. you'll be two of the five on "the five." >> bria
, $15 million in state tax, using missouri state tax rate. guess what? governments take nearly a billion dollars, took in nearly a billion dollars last night and the winner split 232 million. so 116 million. >> gretchen: here is the question that nobody can answer for me today. that is the whole purpose of the lottery, the intention of the lottery originally was for states to raise money to help education. >> sure. >> they do. >> gretchen: excuse me. we are terrible at...
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Nov 29, 2012
11/12
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why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at haing a hissy fit at me, he's really mad at the ameican people for not wanting to raise axes. he personalizes it with me. lou: what about those folks like senator john mccain, senator lindsay gramm, senator chambliss the list goes on. i mea -- >> it doesn'go on. it does not go on. here's theood news. all the people who last week and said we might raise taxes under certain circumstaes with the same people who said that two years ago. and everyews dia outlet in the country has said the last week, would you like to be famous? would you like to be called important and influential? come to our tv station and announced u areefor tax increases and we will tell everyone you are impor
why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at haing a hissy fit at me, he's really mad at the ameican people for not...
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Nov 27, 2012
11/12
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he had the right idea in tax cuts or tax revenue increasing and spending cuts. the problem is the president didn't bring that to the floor. it needs to go to the floor in bipartisan position. we lost independent senators like joe lieberman and olympia snowe so who will form the middle? liz: are there certain sectors that will be affects less than others and should people be investing in those. >> both sides need infrastructure spending. both sides need the consumption of at least foods, mcdonald's would probably be a safe investment. caterpillar believe it or not will be safe investment. roads will get repaired one way or the other. we'll just not be able to drive on them. i like large infrastructure play. it is our largest play. obamacare is here to stay so now everybody is adjusting to it. david: we did it reverse order. we put up chart for health care. that is industrial chart that would included cat. >> yes. with obamacare you have the health care companies not looking to save but meet the technology challenges that come with obamacare. so there's lot of opp
he had the right idea in tax cuts or tax revenue increasing and spending cuts. the problem is the president didn't bring that to the floor. it needs to go to the floor in bipartisan position. we lost independent senators like joe lieberman and olympia snowe so who will form the middle? liz: are there certain sectors that will be affects less than others and should people be investing in those. >> both sides need infrastructure spending. both sides need the consumption of at least foods,...
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Nov 27, 2012
11/12
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cannot tax us. the u.n. not ban guns in the united states because the right to possess and keep your own money and the right to keep and bear arms are fundamental liberties guaranteed by the constitution. so the u.n. could set guidelines for member nations to follow, but with respect to the u.s., it cannot interfere with the internal operations of the government. stuart: could the united nations not say all right, the dues from all member countries will go up because we need to refunnel that money for climate change. >> yes, they could do that. the united states has not only paid its dues, it's paid many times its dues, because they have been unable to collect money from other countries. a statement from the 60s, the u.s. should be out of the u.n. and the u.n. should be out of the u.s. it's done us no good whatsoever. even with it here, yes, they could raise their dues. and yes we would probably pay it. and yes they could redistribute that money however they wanted. stuart: you need to keep it short. charles
cannot tax us. the u.n. not ban guns in the united states because the right to possess and keep your own money and the right to keep and bear arms are fundamental liberties guaranteed by the constitution. so the u.n. could set guidelines for member nations to follow, but with respect to the u.s., it cannot interfere with the internal operations of the government. stuart: could the united nations not say all right, the dues from all member countries will go up because we need to refunnel that...
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Nov 29, 2012
11/12
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credits and tax inclusions in a major tax reform package. the gang of six that i was a part of, still a part of, followed that recommendation. we think you ought to eliminate all of that. that will generate about $1.2 trillion in revenue. not new taxes. revenue. then you decide whether you're going to add the mortgage interest deduction, charitable deduction, other things back in there. so the question is, what do you do with that revenue that's been generated? we owe $16 trillion. i think that you got to pay part of that revenue toward that debt just like every single american that owns a home pays part of their monthly revenue toward their mortgage debt. it's exactly the same thing. the problem that grover and i have, he says if you do that, that's a tax increase, because the rest of it is going to go to lowering tax rates, and that's not 100% going to lowering tax rates. >> sean: if you're talking about $1.1 trillion or $1.2 trillion in revenue, that's raising taxes. people will pay more. when people pay more -- >> no. >> sean: they're no
credits and tax inclusions in a major tax reform package. the gang of six that i was a part of, still a part of, followed that recommendation. we think you ought to eliminate all of that. that will generate about $1.2 trillion in revenue. not new taxes. revenue. then you decide whether you're going to add the mortgage interest deduction, charitable deduction, other things back in there. so the question is, what do you do with that revenue that's been generated? we owe $16 trillion. i think that...
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Nov 23, 2012
11/12
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they forget a word in tax me, tax just me. if you want to be taxed because you're a millionaire, leave everybody else alone. >> treasury.gov are happy to take your money. you don't have to pass a law. do it now. david: if you're upset about this, cut a check to the government. they never do. not even the billionaires. you don't at all. of course,
they forget a word in tax me, tax just me. if you want to be taxed because you're a millionaire, leave everybody else alone. >> treasury.gov are happy to take your money. you don't have to pass a law. do it now. david: if you're upset about this, cut a check to the government. they never do. not even the billionaires. you don't at all. of course,
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Nov 28, 2012
11/12
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very focused on raising taxes on the rich. if you have a millionaire or billionaire elderly person, and you tell them, guess what, you're going to have to pay more for your health care, that would be like raising their taxes, right? and it would help reduce the problem. but they don't want to talk about that. >> the easiest solution's in front of us. i'm not the expert on medicare or social security. means testing and raising age limits seem to me to be pretty practical solutions as part of the solution, not the total solution, to reducing entitlement spending. >> if you were this the white house today with with the president as many of the nation's leading ceos are, what would be first that you would tell president obama today needs to be dealt with to get through the fiscal cliff? >> wehat we need is a solution that's going to call for sacrifice on the part of all americans. so we're going to have to raise revenue, yes. we're going to have to reduce spending. his own rhetoric, about a three to one, which is in line with the
very focused on raising taxes on the rich. if you have a millionaire or billionaire elderly person, and you tell them, guess what, you're going to have to pay more for your health care, that would be like raising their taxes, right? and it would help reduce the problem. but they don't want to talk about that. >> the easiest solution's in front of us. i'm not the expert on medicare or social security. means testing and raising age limits seem to me to be pretty practical solutions as part...
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Nov 27, 2012
11/12
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you shouldn't spend more than comes in, and under lower taxes, not raise the taxes. if you want to stimulate the economy, i want to lower taxes, because that's how we get actually more economic growth and maybe more revenue, if you cut tax rates. >> greta: only a month past the election, but we're sort of curious. are you considering or would you think of running for president? >> it's too early to tell. we've got a lot of things we have to do in the next couple of years. i still want to try to fix some of the programs we have. i'd like to save social security by reforming it. same with medicare. i have bills that do both. i think we as republicans have to start talking bases a party become a bigger party. we have to acing tract more people. we have a lot of work to do in the african american community, a lot of work to do in the hispanic community. i will talk about these things. i want to be part of the national debate. you know, i've said i don't deny that i'm interested in maybe running for president, but it's way too early to make a firm commitment on whether i
you shouldn't spend more than comes in, and under lower taxes, not raise the taxes. if you want to stimulate the economy, i want to lower taxes, because that's how we get actually more economic growth and maybe more revenue, if you cut tax rates. >> greta: only a month past the election, but we're sort of curious. are you considering or would you think of running for president? >> it's too early to tell. we've got a lot of things we have to do in the next couple of years. i still...
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Nov 27, 2012
11/12
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tax hikes, tax hikes, and tax hikes. one way or another, that's about all i hear on this fiscal cliff business, and you know what? what about spending cuts which is the true source of the deficit problem along with anemic economic growth. and here's one. we just got confirmation that the latest fiscal numbers from the treasury department show the federal government ran up more red ink in october than it did the year before, and guess what? spending went up double digits from the year before. what a surprise. but the white house got one thing right today. it released a study showing that a massive year-end tax hike would kill consumer spending by $200 billion, right. so let's not raise taxes. and in addition to all of this, the joint chiefs of staff is apparently drawing up plans to keep 10,000 u.s. troops in afghanistan past the 2014 deadline. this break a president obama promise, but some promises are made to be broken, and i think this is probably a good move. but first up congress back at work tonight after the holida
tax hikes, tax hikes, and tax hikes. one way or another, that's about all i hear on this fiscal cliff business, and you know what? what about spending cuts which is the true source of the deficit problem along with anemic economic growth. and here's one. we just got confirmation that the latest fiscal numbers from the treasury department show the federal government ran up more red ink in october than it did the year before, and guess what? spending went up double digits from the year before....
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Nov 22, 2012
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>> you mean the bush tax cuts? >> that raises a question whether it's under the tax cuts or whether they insist that some of the revenue raiser and so, you know, obama agrees to give us some coverage and the revenue and something else, and bank of america is pretty harsh out on the ledge in terms of the bush tax cuts and i think the comments, bill crystal saying, what's the big deal, why don't we tax millionaires, if you have enough republicans coming out. gives the president to fight for this and i think that the republicans have to ask, do we really want to go down fighting and is this the mountain we want to die on fighting for 1% of the country? and so i'm not going to predict. i don't know what's going to happen because i found the behavior of people on the hill very unpredictable. >> it is. and something else on the table, the president's health care law coming from folks saying it's such a huge driver of the economy if fully implemented it has to be up for negotiation. house speaker john boehner wrote an op-
>> you mean the bush tax cuts? >> that raises a question whether it's under the tax cuts or whether they insist that some of the revenue raiser and so, you know, obama agrees to give us some coverage and the revenue and something else, and bank of america is pretty harsh out on the ledge in terms of the bush tax cuts and i think the comments, bill crystal saying, what's the big deal, why don't we tax millionaires, if you have enough republicans coming out. gives the president to...